What is the market's earnings forecast for Rush Enterprises B next quarter?

What were the key takeaways from Rush Enterprises B’s earnings call?

What were the key takeaways from Rush Enterprises B's earnings call?

What is the revenue and EPS growth rate for Rush Enterprises B year over year?

What is Rush Enterprises B's latest dividend and current dividend yield?

What guidance did Rush Enterprises B's management provide for the next earnings period?

What does Rush Enterprises B do and what are its main business segments?

What factors drove the changes in Rush Enterprises B's revenue and profit?

- **Resilient Q3 Results**: $1.9 billion revenue, $66.7 million net income, and 63% gross profit from aftermarket despite industry challenges.
- **Truck Sales Mixed**: Class 8 down 11% YoY but outperforming market; medium-duty stable with Canadian growth; used trucks flat, leasing up 4.7%.
- **2026 Recovery Hope**: CEO optimistic on regulatory-driven fleet rightsizing and reduced production, despite near-term tariff and economic headwinds.
- **Strategic Strengths**: Aftermarket resilience, diversified revenue streams (leasing, parts), and disciplined capital returns ($9.2M buybacks, $14.8M dividends).

**【CEO Summary Section】**
- **Q3 2025 Financials**: Revenue of $1.9 billion and net income of $66.7 million ($0.83 per diluted share). A $0.19 per share dividend was approved.
- **Aftermarket Resilience**: Aftermarket operations contributed 63% of gross profit, with parts, service, and collision center revenues up 1.5% YoY to $642.7 million. Strategic initiatives like technician recruitment and new customer segments offset weak demand.
- **Truck Sales Performance**: Sold 3,120 Class 8 trucks (5.8% market share), down 11% YoY, outperforming the market. Medium-duty sales (2,979 units) declined 8.3% YoY but gained 10.7% market share in Canada via bus sales.
- **Used and Leasing Growth**: Used truck sales flat YoY, while leasing revenue rose 4.7% to $93.3 million, driven by new vehicle additions and cost efficiency.
- **Industry Challenges**: Freight rates remain depressed, overcapacity persists, and regulatory uncertainty (tariffs, emissions) delays recovery. CEO expects weak demand for at least the next two quarters but anticipates a rebound in 2026 due to fleet rightsizing and regulatory clarity.

**【Q&A Highlights】**
- **Cycle Bottom and 2026 Outlook**: CEO predicts Q4 2025 and Q1 2026 will be challenging due to low order intake but sees 2026 recovery driven by regulatory changes (e.g., driver enforcement, emission standards) and reduced truck production. Tariffs and inflationary pressures remain concerns.
- **Medium-Duty Stability**: Medium-duty sales expected to remain stable through 2025, less volatile than Class 8, with leasing and inventory management supporting performance.
- **Used Truck Market**: Pricing stable, with depreciation aligning with historical trends. Used trucks benefit from tariff and emission regulation immunity, supporting sales despite seasonal softness.
- **Parts and Service Strategy**: Despite market softness, the company maintains share through technology investments (mobile services, data analytics) and operational discipline, aiming to outgrow the market by 1% annually.

Rush Enterprises, Inc. (RUSHA) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

RUSHB

RUSHB fundamentals

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